Elusive Safety: The New Geography of Capital Flows and Risk
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A confidential dataset with industry-level disaggregation of U.S. cross-border claims and liabilities, shows U.S. securities to be increasingly intermediated by tax-haven-financial-centers (THFC) and less regulated funds. These securities are risky, in intangible-intensive sectors, requiring higher
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美国国家经济研究局创建时间:
2020-04-01



